87% of consumers said they would not do business with a company that had faced a data breach.
Unfortunately, according to the 2018 Verizon Payment Security Report, nearly one in five (18%) organisations do not have a defined compliance program with a defined scope and objectives.
The PCI DSS (Payment Card Industry - Data Security Standards) levels apply to all merchants, processors, acquirers, issuers and service providers, regardless of size or number of transactions, that accept, transmit or store online any cardholder data.
Fulfilling PCI compliance includes things like:
As a managed services provider, we aren't directly a payment brand, but we provide services like cloud hosting and managed firewalls to customers who are, which involves us in the storage and processing of cardholder data.
Just like merchants, service providers have levels of PCI based on the number of transactions they process.
There are two service provider levels. Level 1 is for those service providers who process more than 300,000 card transactions annually; Level 2 is for those who process fewer than 300,000 annually.
SysGroup is proud to be a PCI DSS Level 1 Service Provider, meeting requirements including:
Working with a Level 1 service provider can help you to navigate the different (and sometimes confusing) realm of PCI compliance.
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